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20121201
20121231
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WBAL (NBC) 2
WRC (NBC) 2
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Search Results 0 to 3 of about 4 (some duplicates have been removed)
NBC
Dec 6, 2012 6:30pm EST
showdown involving the feds. we get the story from kristen dahlgren. >> reporter: at seattle landmark, a celebration. as of midnight, washington state's new law makes it legal for adults to possess up to an ounce of marijuana. >> the first legal case. >> reporter: the new system is modelled on alcohol laws. it is still illegal to drive impaired or possess pot under twenty-one, they issued verbal warnings only. you can legally possess one ounce, use it in private. but stores will not be licensed to sell it for recreational use for a year, without a prescription there is still no sale. recreational users are going to say where am i going to buy this marijuana if it is illegal to sell marijuana still? >> reporter: federal law still prohibits the sale in any state. >> the federal government may prosecute anyone who uses marijuana on federal land, parks's courthouses, and could go after the large-scale growers whether or n who supply the marijuana. >> reporter: but attitudes towards pot may be changing, where just say no filling tv screens now shows pot as a suburban staple. in a new poll,
NBC
Dec 29, 2012 6:30pm EST
's justice correspondent, pete williams. >> reporter: in seattle entrepreneur brendon kennedy is putting his yale mba to work at what is apparently the nation's first private equity firm focused solely on marijuana. he is counting on the growing acceptance of it first for medical and now recreational use to fuel a boom. >> it is an industry that is in desperate need of professionalism. >> reporter: his group's maiden effort is this website, a service offering reader reviews of hundreds of different strains of marijuana, along with where to get them. >> it's a chance to create an entire new industry. you don't get opportunities like that many times in your lifetime. everything will be created from scratch. >> reporter: one study says the marijuana market is worth $2 billion a year and could reach $9 billion in five years, eventually doubling to $20 billion. but there is a huge catch. growing, selling, and using marijuana is still against federal law. as a result, banks won't do business with the marijuana trade. no checking accounts, no convenient way to pay salaries, and no ability to accept
Search Results 0 to 3 of about 4 (some duplicates have been removed)